Bitcoin has gotten a spark of momentum, making a run for $40K. This is a significant attempt for BTC as we were stuck in the doldrums in the $30K's for what felt like ages. Beware of the cluster of levels around $40K, which will serve as a barrier between current prices and the vacuum zone above to $45K. If we can solidly break these levels then $45K is our next target. If not, watch for support again at $37.7K. The Kovach OBV is pretty strong right now, but watch for momentum to recede a bit as BTC establishes footing or otherwise takes a breather before another push higher.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.